Nigeria

Nigeria’s downstream fuels sector has endured a tumultuous few years, from a nationwide strike over consumer costs to corruption scandals. However, more recently a measure of stability has returned to the market, aided in part by government reforms to the pricing framework for fuels. The sector is a crucial one for the country given that the...

When President Muhammadu Buhari took office, he prioritised rehabilitating Nigeria’s ageing refineries with the notion that replacing imported fuels with local production would be an important contribution to solving several pressing problems in the country, including expensive fuel imports. There is plenty of room for the refineries to...

With many competing firms offering a robust suite of product offerings and related services, the insurance market in Nigeria is vibrant and growing. Like many sectors across Africa, however, domestic insurers often lack the capacity to underwrite the majority of risks stemming from the main drivers of the economy. Nigeria’s primary revenue...

Given Nigeria’s large informal workforce – estimated by the IMF to contribute 50-65% of GDP – a significant segment of the population is not captured by the country’s pension scheme. Without some form of pension, this portion of the population becomes increasingly financially vulnerable with age. To combat this, Nigeria has taken steps to...